St George’s Paterson Project is an early stage project with significant exploration upside
St George’s Paterson Project is an early stage project with significant exploration upside. It complements the Company’s flagship Mt Alexander nickel-copper sulphide project where St George is continuing to advance towards a potential mine.
The Paterson Province is one of the most highly endowed mineral provinces in Australia, and hosts the giant Nifty (2Mt Cu) and Telfer (27M oz Au) deposits.
The region remains underexplored with a number of significant copper and gold discoveries recently announced including at Rio Tinto’s Winu Project and at the Havieron Project being explored in joint venture by Greatland Gold and Newcrest.
These latest discoveries have fueled strong interest in the Paterson Province from major mining companies such as Fortescue Metals (ASX: FMG), Rio Tinto (ASX: RIO) and Newcrest Mining (ASX: NCM) – ensuring that the region is re-emerging as a highly sought after exploration address with potential for world-class discoveries.
St George secured ground in the Paterson Province on 17 December 2019 with the grant of Exploration Licence E45/5226. The map below illustrates the regional location of the new St George tenement. Another tenement – Exploration Licence E45/5422 – is in the application phase and expected to be granted to St George during 2020.
St George’s granted exploration licence covers more than 35km strike of prospective stratigraphy, with potential similarities to the stratigraphy that hosts the mineralisation at Winu, Nifty and Telfer.
Our review of the regional magnetic and gravity data available on the Government database has highlighted a number of key structures and tectonic features within the St George tenure.
Significantly, these features are more prominent in St George’s ground than at other project areas like Winu and Havieron, suggesting that the depth of cover at St George’s ground is much less than at these other projects – potentially allowing for expedited and lower cost exploration drilling.
Maiden drilling by St George in 2021 confirmed the presence of chalcopyrite and metasediments, the lithology known to host base metal mineralisation in the Paterson region.
Elevated levels of pathfinder elements for base metal and gold deposits – including highly anomalous bismuth, arsenic, copper, zinc, lead, molybdenum and vanadium – were also confirmed, indicating a highly prospective geochemical signature.
Follow-up exploration comprising an airborne electromagnetic survey, a ground gravity survey and more drilling is planned.
Please do not hesitate to contact St George Mining Limited using the form below.
We will respond promptly to your enquiry and look forward to being of service to you.